Financial & Retirement planning
Financial & retirement planning
Chances are you have already taken steps towards saving for retirement by contributing to your KiwiSaver fund to keep it growing.
But what does retirement actually look like for you?
Consider:
When do you want to retire? At age 65? Sooner?
Do want to fully retire, or continue working part time?
How much regular income will you need in retirement?
To provide this level of income how much would you need invested?
Regardless of what retirement looks like to you we can help by:
analyzing your current financial situation and creating a financial plan to help get you there,
and provide ongoing advice and guidance to retirement and beyond.
Investing in managed funds & investment property
Managed fund investments
Managed funds are a great way for investors to grow their savings and save for retirement, gaining access to diversified portfolios of professionally managed assets they would not otherwise have access to.
Most most New Zealanders will already have some experience with managed fund investments through their KiwiSaver funds (which are a type of managed fund).
Like with KiwiSaver there are a wide range of different fund managers and funds you can choose to invest in.
And because managed funds don't have restrictions on access like KiwiSaver funds do (i.e. KiwiSaver is locked in until age 65) they can also work well as a way for saving and investing towards pre-retirement goals.
For example, you could use a managed fund investment for:
An early (pre-age 65) retirement fund
By drawing an income from the investment when you retire.
Creation of an 'education fund'
For yourself, kids or grandkids.
Building a first home deposit
In addition to your KiwiSaver funds.
Creation of a 'health fund'
As an alternative to paying for private health insurance.
Creation of a 'travel fund'
To help you explore the world.
We provide investment recommendations specific to your personal situation and goals.
And we provide accompanying ongoing advice to ensure you are in the right fund to grow your savings over the long term.
Investment property
A popular way to build wealth in New Zealand, nonetheless there are many facets you need to consider when investing in property in New Zealand.
Our area of knowledge is specifically in rental properties. Historically NZ property values have grown at a steady rate, this coupled with falling interest rates make investing in property seem very attractive.
We can help by providing advice and examples concerning investing into rental properties long-term.
Depending on your situation and needs this may involve full financial planning.
Note that we are not mortgage advisers/brokers and do not provide lending services.
KiwiSaver
Most working New Zealanders will already have a KiwiSaver fund.
Unfortunately, it’s common that these investments are not being maximized towards their primary intended purpose: providing for retirement.
If you are....
unsure of what KiwiSaver provider you are with,
which fund you are in,
or are with your bank’s KiwiSaver purely because they upsold you on the ability to see your KiwiSaver fund in their mobile app...
Then there’s a good chance you may not be in the best KiwiSaver fund for your specific situation.
The best KiwiSaver fund for you right now depends on your current investor profile, timeframe for using your KiwiSaver (first home purchase and age 65 being the main markers), other investments, & long-term plans/goals.
And notably as your situation changes the fund type you are in may need to change too.
Simply changing your KiwiSaver provider, fund type, or contribution rate could make a dramatic difference to what you end up with in retirement.
We provide KiwiSaver recommendations and ongoing advice to ensure you are in the right fund for right now, and the right fund later down the track as your situation changes to make saving for retirement easy.
Our fees:
Depending on the services provided the fees we charge may be one-off fees or ongoing fees
Clients will be made aware as soon as possible of what the specific fees are applicable to the service being provided.
One-off adviser fees:
Depending on the service provided we may charge a flat one-off fee.
Kiwisaver: $0- we do not charge clients to provide KiwiSaver recommendations from the range of KiwiSaver providers we work with.
Managed fund investments: $250 - we charge clients a one-off fee to provide a managed fund investment recommendation (statement of advice) suitable to their goals (and help implement the recommendation if you choose to proceed with it).
Financial & retirement analysis and planning: $650 - $1500 based on complexity/ how many different facets of the client's situation we need to cover in the analysis and plan. Fee payable on presentation of the plan.
Premium Investment Service: Fisher Funds Individually Managed Account (IMA) service: $1000 - we charge a one-off fee for implementation of this adviser only service.
Ongoing adviser fees:
We charge ongoing adviser fees to provide ongoing financial advice and support to our clients for the managed fund investments we recommend. These ongoing fees are deducted from your investments similar to the standard fund management fees you pay.
Ongoing adviser fees paid by clients vary based on investment type and provider used:
KiwiSaver
Ongoing adviser fee - Provider trail: Typically the KiwiSaver provider will pay the adviser a trail (ongoing) fee to provide ongoing financial advice to the client regarding their KiwiSaver fund. This is trail fee is paid by the KiwiSaver Provider (not the client) directly to the adviser. For KiwiSaver this trail fee is normally 0.25% or 0.50% of funds under management.
Ongoing adviser fee - Client paid fee: We may in some cases also charge a additional ongoing adviser fee, to the client, on top of the trail fee paid to us by the KiwiSaver Provider. This will only be in cases where the trail received is less than 0.50% p.a.
The total ongoing adviser fee we receive for KiwiSaver (made up of Provider and/or client paid fee) will not exceed 0.50% p.a. of funds under management.
Managed fund investments: client pays between 0.25% - 0.50% p.a. of funds under management.
Financial & retirement analysis and planning: Analysis and planning work does not incur ongoing fees. However, note that any KiwiSaver and/or managed fund products (including Fisher Funds IMA) included in the plan/recommendations will have their have their standard ongoing fees apply.
Fisher Funds Individually Managed Account (IMA) service: client pays 0.75% p.a. of funds under management.
More about ongoing financial advice fees
Our belief is that financial advice is most effective when utilised over a long period of time (ongoing advice) and our service reflects this approach. Having your investments overseen by us as your financial advisers means that you can seek further guidance from us whenever you need.
And it means over time we can ensure the investments remain appropriate for your needs, or make changes if needed. Ongoing financial advice means having the reassurance that you are heading in the right direction.
Ongoing fees are charged as a percentage of fund under management i.e. a small percent of your invested funds, much the same way that fund managers charge fund administration fees. The are normally deducted from your investment account by the fund manager and paid direct to the adviser, monthly.
More about the Fisher Funds Individually Managed Account (IMA) service
The Fisher Funds Individually Managed Account (IMA) is our premium service. There is an investment minimum of $50,000 for this service. This Fisher Funds IMA service is only available through financial advisors. It offers:
Simple and effective portfolio management– a single platform from which to acquire, retain and sell all your investments. You can invest in non-Fisher funds managed funds (including some lower cost wholesale funds), term deposits, individual shares etc. on this platform. If you personally own shares you can transfer them onto the platform to keep all your investments in one place.
A range of investment options – Model and Custom Portfolios are available which provide comprehensive exposure across many asset classes.
Security – your investments are held in trust for you by an independent custodian. FNZ Limited (FNZ) or a sub-custodian appointed by FNZ hold the assets invested in the IMA. FNZ has over $20 billion in assets under custody in New Zealand
Consolidated reporting – regular consolidated transaction, valuation and performance reporting on your Account replaces multiple reports for individual investments.
One point of contact – your Adviser can answer your questions, provide investment advice and take care of transactions on your behalf.
Some tax advantages & online access to the platform to view your portfolio at any time.
UK pension transfers
We can also help with advice on and assistance with transfers of UK pensions to New Zealand QROPS (NZ Qualifying Recognised Overseas Pension Scheme).
We provide this service under the brand: Move My Pension. See our website and contact us via the webform for more information: https://www.movemypension.co.nz/
Want to know more about how we can help you plan for the future?
Use our webform to contact us:
Kiwisaver
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Financial Planning
